Home › Asset managers › Northern Trust › 2025-2026 › Against the board
At least 6,093 proposals in the 2025-2026 proxy season: Northern Trust voted against, or withheld its votes from, at least 6,000 proposals put forward by company boards, and voted for 93 shareholder proposals, by its own Form N-PX filings.
Two kinds of vote are listed: a board-sponsored proposal Northern Trust voted AGAINST or withheld on, and a shareholder proposal it voted FOR, with the board’s recommendation on it where the filings show one. A FOR vote on a proposal the board supported, or took no position on, is listed and labelled, but it is not a vote against the board. One row is one proposal at one meeting; “funds” is how many of the manager’s funds or accounts voted that way.
Everything Only shareholder proposals it backed
6,093 proposals. The board-sponsored half of this list keeps the 6,000 proposals with the most funds behind them; the rest are in the interactive database. Every shareholder proposal it backed is listed in full.
| Company | Meeting | Proposal | Category | On the ballot from | Board recommended | Northern Trust voted | Funds |
|---|---|---|---|---|---|---|---|
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Signing the Conditional Transaction Agreement | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Target Subscribers and Subscription Method | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Transaction Complies with Article 4 of Listed Company Supervision Guidelines No. 9 - Regulatory Requirements for Listed Companies to Plan and Implement Major Asset Restructuring | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Transaction Complies with Articles 11, 43 and 44 of the Management Approach Regarding Major Asset Restructuring of Listed Companies | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Transaction Constitutes as Major Asset Restructuring | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Transaction Does Not Constitute as Restructure and Listing | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Type and Par Value of Shares Issued in Connection to Raising Supporting Funds | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Usage of Raised Funds | Capital Structure | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve the Amount and Number of Shares Issued in Connection to Raising Supporting Funds | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve the Company's Purchases and Sales of Assets in the Twelve Months Prior to This Transaction | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve the Company's Stock Price Fluctuation Not Meeting Relevant Standards | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve the Explanation of Confidentiality Measures and Systems Adopted in this Transaction | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve the Impact of This Transaction on the Company's Diluted Immediate Returns and the Adoption of Remedial Measures | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | May 7, 2026 | Approve Provision of Entrusted Loan Through State Power Investment Corporation Finance Co., Ltd. | Capital Structure | Board | AGAINST | 2 | |
| Inner Mongolia Junzheng Energy & Chemical Group Co., Ltd. | November 27, 2025 | Amend Dividend Return Plan | Capital Structure | Board | AGAINST | 2 | |
| Inner Mongolia Junzheng Energy & Chemical Group Co., Ltd. | November 27, 2025 | Approve Formulation of Remuneration Management System for Directors and Senior Management Members | Compensation | Board | AGAINST | 2 | |
| Inner Mongolia Yili Industrial Group Co., Ltd. | May 20, 2026 | Approve Provision of Guarantee for Controlled Subsidiaries | Capital Structure | Board | AGAINST | 2 | |
| Inner Mongolia Yili Industrial Group Co., Ltd. | May 20, 2026 | Approve Provision of Guarantee for Hohhot Yixing Dairy Investment Management Co., Ltd. | Capital Structure | Board | AGAINST | 2 | |
| Inner Mongolia Yitai Coal Co., Ltd. | May 18, 2026 | Approve Use of Funds for Entrusted Asset Management | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Yitai Coal Co., Ltd. | May 18, 2026 | Elect Erdun Tao Ketao as Director | Director Elections | Board | AGAINST | 2 | |
| InnovAge Holding Corp. | December 4, 2025 | Election of Class II Directors: James G. Carlson | Director Elections | Board | WITHHOLD | 2 | |
| Inogen, Inc. | June 5, 2026 | Election of Class III Directors: Mira Sahney | Director Elections | Board | WITHHOLD | 2 | |
| Inogen, Inc. | June 5, 2026 | To approve the Inogen, Inc. Amended and Restated 2023 Equity Incentive Plan. | Compensation | Board | AGAINST | 2 | |
| Inspire Medical Systems, Inc. | April 30, 2026 | Approval of an amendment and restatement of the Inspire Medical Systems, Inc. 2018 Incentive Award Plan. | Compensation | Board | AGAINST | 2 | |
| Inspire Medical Systems, Inc. | April 30, 2026 | Election of Class II Directors: Gary L. Ellis | Director Elections | Board | WITHHOLD | 2 | |
| Insulet Corporation | May 20, 2026 | Election of Directors: Michael R. Minogue | Director Elections | Board | WITHHOLD | 2 | |
| Intel Corporation | May 13, 2026 | Election of 11 Directors: Steve Sanghi | Director Elections | Board | AGAINST | 2 | |
| Intel Corporation | May 13, 2026 | Stockholder proposal requesting a report on risk of China exposure. | Human Rights or Human Capital/workforce | Shareholder | Against | FOR | 2 |
| InterGlobe Aviation Limited | August 20, 2025 | Reelect Meleveetil Damodaran as Director | Director Elections | Board | AGAINST | 2 | |
| Interactive Brokers Group, Inc. | April 23, 2026 | Election of Directors: Earl H. Nemser | Director Elections | Board | AGAINST | 2 | |
| Interactive Brokers Group, Inc. | April 23, 2026 | Election of Directors: Milan Galik | Director Elections | Board | AGAINST | 2 | |
| Interactive Brokers Group, Inc. | April 23, 2026 | Election of Directors: Thomas Peterffy | Director Elections | Board | AGAINST | 2 | |
| Interconexion Electrica SA ESP | March 26, 2026 | Elect Directors | Director Elections | Board | AGAINST | 2 | |
| International Flavors & Fragrances Inc. | April 29, 2026 | Ratify the selection of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the 2026 fiscal year. | Audit-related | Board | AGAINST | 2 | |
| International Holdings Co. PJSC | March 16, 2026 | Approve Remuneration of Directors for FY 2025 | Compensation | Board | AGAINST | 2 | |
| International Holdings Co. PJSC | March 16, 2026 | Elect the Board of Directors Members for a Three Years Term | Director Elections | Board | AGAINST | 2 | |
| Intertek Group Plc | May 20, 2026 | Re-elect Graham Allan as Director | Director Elections | Board | AGAINST | 2 | |
| Intertek Group Plc | May 20, 2026 | Re-elect Steve Mogford as Director | Director Elections | Board | AGAINST | 2 | |
| Intertek Group Plc | May 20, 2026 | Re-elect Tamara Ingram as Director | Director Elections | Board | AGAINST | 2 | |
| Inventec Corp. | May 27, 2026 | Elect WEA, CHI-LIN as Independent Director | Director Elections | Board | AGAINST | 2 | |
| Investar Holding Corporation | May 20, 2026 | To approve the Second Amended and Restated Investar Holding Corporation 2017 Long-Term Incentive Compensation Plan. | Compensation | Board | AGAINST | 2 | |
| Investors Title Company | May 20, 2026 | Election of Directors: Richard M. Hutson II | Director Elections | Board | WITHHOLD | 2 | |
| Israel Canada (T.R) Ltd. | January 21, 2026 | Reappoint Brightman Almagor Zohar & Co. as Auditors and Report on Fees Paid to Auditors | Audit-related | Board | AGAINST | 2 | |
| Israel Discount Bank Ltd. | September 15, 2025 | Elect Esti Peshin as Director | Director Elections | Board | ABSTAIN | 2 | |
| Israel Discount Bank Ltd. | September 15, 2025 | Elect Gur Nabel as External Director | Director Elections | Board | ABSTAIN | 2 | |
| Israel Discount Bank Ltd. | June 17, 2026 | Elect Amalia Avramov as Director | Director Elections | Board | ABSTAIN | 2 | |
| Israel Discount Bank Ltd. | June 17, 2026 | Elect Ohad Marani as External Director | Director Elections | Board | ABSTAIN | 2 | |
| Israel Discount Bank Ltd. | June 17, 2026 | Elect Yaniv Garty as Director | Director Elections | Board | ABSTAIN | 2 | |
| Isras Holdings Ltd. | January 12, 2026 | Reappoint Kost Forer Gabbay & Kasierer as Auditors | Audit-related | Board | AGAINST | 2 | |
| Isras Holdings Ltd. | January 12, 2026 | Reelect Itzhak Chalamish as Director | Director Elections | Board | AGAINST | 2 | |
| Isras Investment Co. Ltd. | January 5, 2026 | Reappoint Kost Forer Gabbay & Kasierer as Auditors | Audit-related | Board | AGAINST | 2 | |
| Ivanhoe Electric Inc. | June 4, 2026 | Election of Directors: Russell Ball | Director Elections | Board | AGAINST | 2 | |
| Ivanhoe Electric Inc. | June 4, 2026 | Election of Directors: Sofia Bianchi | Director Elections | Board | AGAINST | 2 | |
| Ivanhoe Mines Ltd. | June 18, 2026 | Amend Equity Incentive Plan | Compensation | Board | AGAINST | 2 | |
| J Sainsbury Plc | July 3, 2025 | Re-elect Adrian Hennah as Director | Director Elections | Board | AGAINST | 2 | |
| J Sainsbury Plc | July 3, 2025 | Re-elect Jo Bertram as Director | Director Elections | Board | AGAINST | 2 | |
| J Sainsbury Plc | July 3, 2025 | Re-elect Jo Harlow as Director | Director Elections | Board | AGAINST | 2 | |
| J Sainsbury Plc | July 3, 2025 | Re-elect Keith Weed as Director | Director Elections | Board | AGAINST | 2 | |
| J Sainsbury Plc | July 3, 2025 | Re-elect Martin Scicluna as Director | Director Elections | Board | AGAINST | 2 | |
| J Sainsbury Plc | July 3, 2025 | Re-elect Tanuj Kapilashrami as Director | Director Elections | Board | AGAINST | 2 | |
| J&T Global Express Ltd. | June 25, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 2 | |
| J&T Global Express Ltd. | June 25, 2026 | Approve PricewaterhouseCoopers as Auditor and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 2 | |
| J&T Global Express Ltd. | June 25, 2026 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 2 | |
| J. FRONT RETAILING Co., Ltd. | May 28, 2026 | Elect Director Osawa, Eiko | Director Elections | Board | AGAINST | 2 | |
| JA Solar Technology Co., Ltd. | July 22, 2025 | Approve Downward Adjustment on Conversion Price of Convertible Bonds | Capital Structure | Board | AGAINST | 2 | |
| JA Solar Technology Co., Ltd. | September 8, 2025 | Approve Authorization of the Board to Handle All Matters Related to Employee Share Purchase Plan | Compensation | Board | AGAINST | 2 | |
| JA Solar Technology Co., Ltd. | September 8, 2025 | Approve Authorization of the Board to Handle All Matters Related to Stock Option Incentive Plan | Compensation | Board | AGAINST | 2 | |
| JA Solar Technology Co., Ltd. | September 8, 2025 | Approve Draft and Summary on Employee Share Purchase Plan | Compensation | Board | AGAINST | 2 | |
| JA Solar Technology Co., Ltd. | September 8, 2025 | Approve Draft and Summary on Stock Option Incentive Plan | Compensation | Board | AGAINST | 2 | |
| JA Solar Technology Co., Ltd. | September 8, 2025 | Approve to Formulate the Employee Share Purchase Plan Management Measures | Compensation | Board | AGAINST | 2 | |
| JA Solar Technology Co., Ltd. | September 8, 2025 | Approve to Formulate the Stock Option Incentive Plan Implementation Assessment and Management Measures | Compensation | Board | AGAINST | 2 | |
| JA Solar Technology Co., Ltd. | September 8, 2025 | Elect Xie Zhihua as Independent Director | Director Elections | Board | AGAINST | 2 | |
| JA Solar Technology Co., Ltd. | December 8, 2025 | Approve Guarantee Amount | Capital Structure | Board | AGAINST | 2 | |
| JA Solar Technology Co., Ltd. | June 26, 2026 | Approve Downward Adjustment on Conversion Price of Convertible Bonds | Capital Structure | Board | AGAINST | 2 | |
| JAMES RIVER GROUP HOLDINGS, LTD. | October 23, 2025 | To approve, on a non-binding, advisory basis, the 2024 compensation of our named executive officers. | Say-on-Pay | Board | AGAINST | 2 | |
| JD Health International Inc. | June 29, 2026 | Approve Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 2 | |
| JD Health International Inc. | June 29, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 2 | |
| JD Health International Inc. | June 29, 2026 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 2 | |
| JD Health International Inc. | June 29, 2026 | Elect Richard Qiangdong Liu as Director | Director Elections | Board | AGAINST | 2 | |
| JD Logistics, Inc. | June 29, 2026 | Approve Deloitte Touche Tohmatsu as Auditor and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 2 | |
| JD Logistics, Inc. | June 29, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 2 | |
| JD Logistics, Inc. | June 29, 2026 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 2 | |
| JD Logistics, Inc. | June 29, 2026 | Elect Yi Hoi Tang as Director | Director Elections | Board | AGAINST | 2 | |
| JD Sports Fashion Plc | July 2, 2025 | Approve Remuneration Policy | Compensation | Board | ABSTAIN | 2 | |
| JD Sports Fashion Plc | July 2, 2025 | Re-elect Andrew Long as Director | Director Elections | Board | AGAINST | 2 | |
| JELD-WEN Holding, Inc. | April 22, 2026 | To approve the 2026 Omnibus Equity Plan. | Compensation | Board | AGAINST | 2 | |
| JFE Holdings, Inc. | June 24, 2026 | Elect Director Kobayashi, Keiichi | Director Elections | Board | AGAINST | 2 | |
| JSW Energy Limited | July 11, 2025 | Amend Shri O. P. Jindal Employees Stock Ownership Plan (JSWEL)-2021 | Compensation | Board | AGAINST | 2 | |
| JSW Energy Limited | July 11, 2025 | Approve Acquisition of Shares and Provision of Money by the Company for the Purchase of its Own Shares by the Trust/Trustees Under Shri O. P. Jindal Employees Stock Ownership Plan (JSWEL)-2021 | Compensation | Board | AGAINST | 2 | |
| JSW Energy Limited | July 11, 2025 | Approve Grant of Stock Options to Employees of India Subsidiary Companies Under the Shri O. P. Jindal Employees Stock Ownership Plan (JSWEL)-2021 | Compensation | Board | AGAINST | 2 | |
| JSW Energy Limited | July 11, 2025 | Reelect Desh Deepak Verma as Director | Director Elections | Board | AGAINST | 2 | |
| JSW Energy Limited | March 25, 2026 | Reelect Munesh Khanna as Director | Director Elections | Board | AGAINST | 2 | |
| JUMBO S.A. | July 9, 2025 | SUBMISSION AND VOTING OF THE REMUNERATION REPORT FOR THE FINANCIAL YEAR 01.01.2024-31.12.2024 BY THE ORDINARY GENERAL MEETING OF THE COMPANYS SHAREHOLDERS IN ACCORDANCE WITH ARTICLE 112 OF LAW 4548/2018 | Say-on-Pay | Board | AGAINST | 2 | |
| JUVENTUS FOOTBALL CLUB SPA | November 7, 2025 | REPORT ON THE REMUNERATION POLICY AND ON THE COMPENSATION PAID: EXAMINATION OF SECTION II PREPARED PURSUANT TO ARTICLE 123-TER, PARAGRAPH 4, OF LEGISLATIVE DECREE 58/1998. RESOLUTIONS PURSUANT TO ARTICLE 123-TER, PARAGRAPH 6, OF LEGISLATIVE DECREE 58/1998 | Say-on-Pay | Board | AGAINST | 2 | |
| JX Advanced Metals Corp. | June 26, 2026 | Elect Director and Audit Committee Member Shiota, Tomo | Director Elections | Board | AGAINST | 2 | |
| Japan Excellent, Inc. | September 29, 2025 | Elect Supervisory Director Takagi, Eiji | Director Elections | Board | AGAINST | 2 | |
| Jentech Precision Industrial Co. Ltd. | May 29, 2026 | Approve Issuance of Restricted Stocks | Compensation | Board | AGAINST | 2 | |
| Jet2 Plc | September 4, 2025 | Re-elect Robin Terrell as Director | Director Elections | Board | AGAINST | 2 | |
| Jiangsu Eastern Shenghong Co., Ltd. | January 13, 2026 | Approve Estimated Amount of Mutual Guarantee | Capital Structure | Board | AGAINST | 2 | |
| Jiangsu Eastern Shenghong Co., Ltd. | February 6, 2026 | Elect Yuan Jianxin as Director | Director Elections | Board | AGAINST | 2 |
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Built November 8, 2026 from SEC Form N-PX filings.